Prescription Drug Price Transparency

Prescription Drug Price Transparency; Requiring the Department of Management Services to contract for an annual audit of any pharmacy benefit vendor contracted under the state employees' prescription drug program; requiring prescription drug manufacturers to provide notification of drug price increases to insurers and to provide an annual report on drug price increases to the Department of Business and Professional Regulation and the Office of Insurance Regulation; requiring certain health insurers to establish a single point of contact for manufacturers to report drug price increases; requiring the Agency for Health Care Administration to contract for an independent analysis of pharmacy benefit management practices under the Statewide Medicaid Managed Care program, etc.